For the ones pontificating their "right" to cruise at 75mph+ and/or in a land barge, read what the Saudis say about their ability to pump your gas.

Go ahead call me smug, wrongheaded, crazy....then check back in five years about how right you were. Of course, I don't believe every article I read, but several times I've read the Saudis really don't know how much oil they have or how long it will last. A lot more certain is the rapidly increasing oil consumption by China and India.

I'll be more than happy to be proven overly pessistimic about the World's reserves of oil, but the Saudis probably have a good idea of what their capacity is....

 

Sorry I just thought that was funny. About the worlds oil reserves, your guess is as good as mine.

 

OK, you caught my unintentional GWB impersonation - I'm not related.

What I intended to say: the Saudis don't know how much oil they have left to pump, but they do know enough to tell when they start to run on empty. Yes, they can deliver for a few decades, but demand will probably go well above what they can pump.

 

Pumping is the least of our worries. Throw the Iranian nuke situation into the mix, and what we have is one big CF. Just one nuke into Saudi oil fields will create so much havoc, similar to the Kuwait oil fires of the first Gulf war times 10.

Prices at the pump here in NE are already back up to $2.50/gal.

 

It starts at $2.69 in Dallas.